Put Your Money Where Your Mouth Is
Put Your Money Where Your Mouth Is: Earlier this week, Senator Hillary Clinton said "We didn’t ask for George Bush’s tax cuts. We didn’t want them and we didn’t need them." Earlier this year, Warren Buffett testified before Congress saying in part "I think we need to….take a little more out of the hides of guys like me." Barbara Streisand once said "Republicans cater to the rich. I’d rather pay more taxes, see social reform, health care and research for AIDS."
All of these people could have voluntarily paid more in taxes. But they chose not to. Maybe that’s because it is not easy or clear how you can pay extra taxes if you want to.
I am here to help. This week, I introduced the "Put Your Money Where Your Mouth Is Act." Under this bill, a line would be added to the tax form 1040 which would easily allow you to add as much additional tax as you would like over the amount that has been computed. Furthermore, you can call for the money to be spent rather than just applied to pay down the deficit. Under this bill, all those people who want to see the Bush tax cuts… Read More